Planet Labs PBC (PL) Earnings Date & Reports

Key Takeaways

• Planet Labs reports fiscal second quarter 2027 results after market close on Thursday, September 3, 2026, covering the quarter ended July 31, 2026.
• Management has guided second-quarter revenue to a range of $102 million to $107 million, above the broader analyst consensus of roughly $100 million.
• Analysts expect a modest adjusted loss per share, reflecting the company's continued investment phase even as revenue accelerates.
• Investor attention will center on demand from government and defense customers, along with growth in remaining performance obligations and backlog.
• The stock has been highly volatile, and post-earnings reaction will likely hinge on guidance and margin commentary.

Earnings Context and Why It Matters

Planet Labs PBC (NYSE: PL) operates the largest fleet of Earth-imaging satellites and sells daily geospatial data and insights to government, agriculture, defense, and commercial customers. Its earnings matter because the company sits at the intersection of two powerful themes: rising demand for space-based intelligence and growing use of AI (artificial intelligence) to analyze satellite imagery. In its most recent quarter, revenue jumped 42% year over year to $94.15 million, and management raised its full-year fiscal 2027 revenue outlook to between $425 million and $441 million. This upcoming report will test whether that momentum, driven heavily by defense and government contracts, is sustainable and whether the company can narrow losses while scaling.

Earnings Expectations

For the fiscal second quarter of 2027, Planet Labs has guided revenue to between $102 million and $107 million. That compares with consensus estimates of roughly $100 million and with $73.39 million reported in the same period a year ago, implying a substantial year-over-year increase. On the bottom line, analysts broadly expect a modest adjusted net loss per share, with consensus estimates clustering around $0.06 per share, though some forecasters project a smaller loss. Investors will also watch non-GAAP (adjusted) figures closely, given that the prior quarter's reported GAAP net loss of $138.9 million was inflated by a roughly $106.5 million non-cash charge tied to the revaluation of warrant liabilities.

Beyond headline numbers, key metrics include remaining performance obligations (RPO), which reflect contracted future revenue, and total backlog. In the prior quarter, RPO climbed 81% year over year to $816 million, while backlog rose 72% to more than $906 million. Sustained growth in these figures would signal durable demand ahead of the top-line results.

AI Screener

Tickeron's AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener is designed to help identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore the AI Screener to surface opportunities that match your own criteria.

Market Reaction and Investor Sentiment

Sentiment heading into the report is cautious but constructive. Planet Labs shares have experienced outsized swings over the past year, and the stock has at times pulled back even after beats, reflecting a demanding valuation and sensitivity to forward guidance. In June, the company topped both revenue and adjusted EPS estimates yet the stock slipped in extended trading, suggesting investors are weighing profitability trajectory as much as growth. For this report, the main risk factors include reliance on large government and defense contracts, which can be lumpy quarter to quarter, ongoing operating losses, and elevated expectations after a strong prior quarter. A guide-up or evidence of expanding margins would likely be viewed favorably, while any softness in backlog or forward commentary could pressure the shares.

Forward Outlook and Key Factors to Monitor

Looking ahead, investors should focus on the durability of government and defense demand, which has been the primary driver of recent acceleration. Contract timing in this segment can vary, so commentary on the pipeline and any new sovereign or intelligence awards will be important.

Margin trajectory is another key factor. Planet Labs has prioritized investing in AI and satellite capabilities, and while gross margins remain healthy, operating profitability and free cash flow (cash generated after capital spending) are still areas of scrutiny. Management's full-year revenue guidance of $425 million to $441 million provides a benchmark, but investors will also listen for updates on cost discipline and any change in the pace of investment.

Finally, watch the company's balance sheet and liquidity, which remain strong, as well as broader sentiment toward the space and defense technology sector. Because the stock has been volatile, near-term moves may reflect shifts in market appetite for high-growth, pre-profit companies as much as the results themselves.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations